Canadian Energy company Enbridge joins E.ON and GIB in Rampion offshore wind project

By VictoriaBlake

E.ON
has today announced that the Canadian energy company Enbridge has joined the
Rampion offshore wind project by acquiring a 24.9 percent interest. Enbridge
will become one of three shareholders in Rampion Offshore Wind Limited. E.ON
will remain the controlling shareholder at 50.1 percent, with the UK Green
Investment Bank plc (GIB) continuing to hold a 25 percent interest.

Rampion
is a 400MW offshore wind farm project in the English Channel, to be located 13 kilometres
off the Sussex coast south of Brighton and
remains set to become the first
offshore wind farm off the south coast of England
. The development is expected to supply the equivalent of up to 300,000
homes(1) and to reduce CO2 emissions by up to 600,000
tonnes(2) a year. E.ON will manage construction and operation of the
Rampion Offshore Wind Farm. The project received the final investment decision
in May 2015, started construction in September and is expected to be fully
operational in 2018.

E.ON
and Enbridge are already partners in the Magic Valley wind farm located in
Texas and the Wildcat wind farm in Indiana. Enbridge holds an 80 percent
interest in both 200MW onshore projects; both are operated by E.ON. “Thanks to
our excellent project portfolio and our capabilities there is a strong demand in
the market for assets built and operated by E.ON. We are happy to strengthen
our partnership with Enbridge as a reliable partner, who shares our approach of
combining high class assets and safe operations”, said Michael Lewis, COO of
E.ON Climate & Renewables.

Ed
Northam, Head of Investment Banking, UK Green Investment Bank, added: “Securing
Enbridge’s first investment in offshore wind is a major success for Rampion and
the wider development of green infrastructure projects in the UK. The company’s
background in North American renewables and pipelines complements the expertise
of the existing shareholder group. Our collective experience will help realise
the successful construction and operation of the wind farm.”

Enbridge
Inc. is a North American leader in delivering energy, operating in Canada and
the U.S. the world’s longest crude oil and liquids transportation system. The
company is also involved in natural gas gathering, transmission and midstream
businesses as well as in power generation and transmission. Enbridge employs
more than 10,000 people.

Ends

Notes to
editors

1 = Based on an average annual domestic household
electricity consumption of 4,700kWh (DECC):

1,366,560,000KWh / 4,700KWh = 290,757 homes.

2 = The calculation is made using a static figure
of 430g/kWh representing the energy mix in the UK (1,366,560,000KWh x
430(g/kWh) / 1,000 = 587,621 tonnes pa.


For more
information contact:

Victoria Blake 02476 181304 or victoria.blake@eonenergy.com

Source:: Canadian Energy company Enbridge joins E.ON and GIB in Rampion offshore wind project